Don’t Buy Palantir (PLTR) Until it Hits This Price (Do This Instead)🔥🔥

Summary

In this video, the speaker celebrates successful trades and highlights key lessons in stock trading, focusing on patience and execution. Using Tesla and Nvidia as examples, he discusses the importance of making profits during both market upswings and downturns. Emphasizing strategic trading, the speaker encourages locking in profits when targets are hit and using options to capitalize on market dips. He also advises viewers to avoid buying stocks at all-time highs and to actively manage their portfolios. The video ends with a motivational message about learning and improving trading skills for long-term success.

Takeaways

• 📈 Paler stock is approaching the $40 mark, and the speaker advises on key strategies to take at this level.
• 🔔 Emphasizes the importance of patience and executing trades with precision, as demonstrated by several viewers' successful trades.
• 💡 The importance of taking profits when targets are hit is a recurring theme, with specific reference to NVIDIA stock.
• 🚀 Tesla is highlighted as a stock that can bring significant profits in both upward and downward movements, with examples of successful trades on red days.
• 📊 The speaker advises buying puts or call options depending on market direction, encouraging viewers to be flexible in both scenarios.
• 💪 Testimonials from successful traders like Raan, Carl, and Dwayne underscore the value of applying patience and following the coach's teachings.
• 🛑 Warns against buying stocks at all-time highs and emphasizes locking in profits, especially with Paler at $40.
• 🎯 For Paler, a target resistance level of $124 is discussed, with recommendations to act accordingly if it breaks this level.
• 💰 Emphasizes the concept of life-changing money when following precise market strategies, especially on big stock moves.
• 📚 The coach highlights the importance of learning options trading to take advantage of both market upswings and downswings effectively.

Q & A

What is the significance of the $40 mark mentioned in the video?

The $40 mark is significant because it represents the speaker's target for a specific stock, suggesting that the stock has doubled in value from $20, which is considered a significant achievement.

What trading strategy does the speaker emphasize for red days in the market?

The speaker emphasizes taking advantage of red days by making money in both directions, particularly by using options like buying puts when the market or stock price goes down.

What lesson is shared about locking in profits when targets are hit?

The speaker advises traders to lock in profits when a target is hit because stocks typically retrace or pull back after hitting key levels. This helps secure gains and avoid potential losses from market reversals.

What does the speaker mean by 'pick six to the house'?

'Pick six to the house' is a metaphor the speaker uses to describe a winning trade or investment where the trader successfully executes a plan, similar to a touchdown in football after intercepting a pass.

How does the speaker recommend handling high stock prices?

The speaker recommends not buying stocks at their all-time highs or year-to-date highs. Instead, they suggest locking in profits, using options like puts, and waiting for a price pullback to buy again.

What is the importance of the $124 target mentioned for Nvidia (NVDA)?

The $124 target for Nvidia is an important resistance level. If Nvidia breaks through this level, the speaker expects it to reach $127. Otherwise, traders are advised to lock in profits or buy puts for downside potential.

How does the speaker describe the typical movement of Tesla stock?

The speaker notes that Tesla typically moves $7 to $10 per day. Traders should be aware of this range and position themselves on the right side of the trade to profit from these daily swings.

What does the speaker mean by 'rinse and repeat' in trading?

'Rinse and repeat' refers to the strategy of successfully executing a trade, locking in profits, and then waiting for the next opportunity to re-enter the market and repeat the process.

What advice does the speaker give for managing portfolios during market fluctuations?

The speaker advises actively managing portfolios by locking in profits at high levels and using stop-loss orders to protect against losses when stocks drop. This ensures traders can capitalize on gains and minimize losses during market fluctuations.

How does the speaker suggest making money on both green and red days?

The speaker suggests that traders can make money on green days by buying calls or shares and on red days by buying puts or shorting stocks, allowing them to profit regardless of market direction.